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't know it. look at the leadership that we have leading us. i mean, it's like lemmings. come on. >> all right. that's what's being said right now. joining us from capitol hill is nbc news correspondent mike viqueira. we have some elements from what we understand to be a deal at the moment. what would you say the mood is right now? what are some of the other details? break it down for us. >> richard, it's funny. at this point we're stuck sort of reading tea leaves. yes, we've had indications with more detail than we've got in days on what the outlines of that deal might be. but i got to tell you any deal if it were to pass both houses of congress here in the last 12 hours before midnight would carry with it the seeds of further confrontation and not that much further down the road. maybe two, perhaps three months. let's take a look one more time at what is being discussed now. mitch mcconnell and joe biden talked into the wee hours until 12:30 last night and 6:30 this morning. $450,000 as the threshold for couples, $400,000 for individuals over which your taxes would go up about four per
have been -- has been to use the middle class tax cuts as leverage to try and extract these super big tax breaks for very wealthy individuals, including now their focus on trying to get 7,200 estates, an average tax break of 1.2 million. this is the top fraction of 1% of the super wealthiest estates, inheritance taxes in the country. they apparently want to put more silver spoons in more people's mouths and provide this big break. again, the sorry part of the story is they're using the middle class to extract these concessions for very wealthy individuals. >> at this late hour, are we going to be dealing with that level of negotiation? is it more the big picture stuff? for example, what would the number be in terms of whose rate would stay the same, whose would go up, $250,000, $400,000, $500,000. are we looking at bigger generalities if we're going to get this done in the next 30 hours? >> that's certainly part of it, where the threshold would be. but this estate tax represents about $140 billion. that's not a trivial amount. republicans proposed increasing the burden on medicare ben
this on twitter, most of us agree the chained cpi is off the table in these negotiations. president obama continued to put public pressure on republicans during his appearance on "meet the press" today. >> it is very important for republicans in congress to be willing to say, we understand we're not going to get 100%, we're willing to compromise in a serious way. >> joined by congressman barney frank of massachusetts. it is good to see you, congressman. good evening. >> thank you. >> you're coming -- the senate's coming back at 11:00 tomorrow morning. what are chances there will be something to vote on, do you think? >> i think there are very good chances there will be something to vote on. the question is whether it will be a bipartisan agreement or simply the senate democrats putting a vote and hoping republicans will vote for it. trying to get an agreement is difficult because that gives right wing of the republican party this big veto. a number of republican senators, not just those generally considered to be moderate, have said that they agree that it is important now to keep taxes f
ederter for politics and news at yahoo! news. she has become a weekend pal. thanks for being back with us, both of you. let's start with the debt limit, we're talking about the debt limit, again. do republicans believe this is their ace in the hole? >> i sure hope they don't. i think the president has the stronger hand on this. number one, he won the election. we're all discussing that. he has the stronger hand in general. the other thing is that everybody remembers what we went through two summers ago. the summer of 2011 when the nation went through default. people felt that the president handled the situation badly, but they felt the republican congress was much worse in that particular negotiation. i don't think the republicans in trying to reestablish their brand want to get back into that fight and look like they want to have the ability to hold up the debt ceiling and then potentially bring the nation back to the edge of default, again. >> i want to play a snippet here of what majority leader harry reid said this week said about the fiscal. >> we would be somewhat foolish to work ou
. >> hopefully, i mean, all of us are hoping that speaker boehner and president obama are talking more behind the scenes than we know. >> joining me now is california congressman adam scheffler, a member of the house appropriations committee. it's great to have you with me and to pass along, we have the rundown of what the voters will have. the timing on the vote on plan b is roughly at 7:30 to 8:00 tonight and 217 is the number and plan b can pass even if it loses around 20 gop votes and leadership on the left has indicated that there are many democrats that may be voting for it. so why fan these political flames from the left if the president is against it from the get go? >> i think it's really a complete waste of time and i don't know yet speaker is bringing this forward. if it had the merit of at least giving his members some political cover so that he being give them a harder deal later, i would say fine, but i don't know how it accomplishes that. it's going nowhere in the senate. so it will not increase his bargaining position and if it doesn't increase leverage within its own conferen
that day are something that, again, has got to be used as a measuring stick for the elected representatives of this country, that, you know, she did her job and now it is time for us to do our job. >> you talk about the different tone and the distinction that we're hearing, there are certain voices on the right that are lending different type of perspective to this, like texas governor rick perry. the latest to advocate training and arming schoolteachers. the teacher heralded for putting the kids in cabinets in her classroom. her services held today. then bob mcdonald yesterday saying that it is a conversation worth having about, arming teachers. do you think that's an answer for connecticut and schools across the country? >> i don't. school safety is clearly something that we need to inventory. i'm a member of the education and labor committee next january and have written to the chairman saying, you know, we need to have a real information sharing of best practices. right now school superintendents are getting inundated with solicitations from security firms. we need to help public school
next? with us nbc news capitol hill correspondent mike vic rah and nbc news white house correspondent kristen welker. mike, let's get started with you. what's happening right now in the senate. i understand there's an update on the chained cpi. >> reporter: they say the darkest hour right before the dawn, melissa. everybody ought to hope that's true, at least if you don't want to see your taxes go up on midnight on monday and tuesday night because everything seems to be at a standstill right now. let's review the bidding. here it is from a republican source here on the republican side of capitol hill. all day yesterday they were trading proposals back and forth. by his count two democratic offers came back to republicans and four came back from republicans to democrats. the last one being at 7:00 last night, and, boom, after that, things pretty much came to a standsti standstill. no offers. republicans say they have not heard from democrats since then. mitch mcconnell, of course, the republican leader here in the senate, has said he has reached out to joe biden, the vice president, an
Search Results 0 to 6 of about 7

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